Zinc down by 0.4% on low spot demand

A weak global trend also affected the prices of zinc

Amid subdued domestic demand and weak global trend, zinc prices fell by 0.4% to Rs 112.70 per kg in futures trade today as speculators reduced their positions.

 

At the Multi Commodity Exchange, zinc for delivery in August declined by 45 paise, or 0.40%, to Rs 112.70 per kg in business turnover of 774 lots.

 

Likewise, the metal for delivery in September traded lower by 35 paise, or 0.31%, to Rs 113.75 per kg in 22 lots.

 

Market analysts said besides sluggish domestic demand in spot market, weak global trend will also dampen demand.